IRA Contribution after 70 1/2

pasmith1 · ‎March 18, 2021

Can an individual contribution to an 2020 IRA if they turned 70 1/2 in 2020? Have read that under the Secure Act 2020 the age limitation was repealed. Is this correct?

JohnB5677 · ‎March 18, 2021

Yes, 2020 is the first year you can add money to a traditional IRA past the age of 70 1/2, thanks to the Setting Every Community Up for Retirement Enhancement (SECURE) Act, passed in December 2019.

You have up until April 15, 2021, to make your contributions to a traditional IRAs.

You can contribute to a Roth IRA at any age.

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View solution in original post

JohnB5677 · ‎March 18, 2021

Yes, 2020 is the first year you can add money to a traditional IRA past the age of 70 1/2, thanks to the Setting Every Community Up for Retirement Enhancement (SECURE) Act, passed in December 2019.

You have up until April 15, 2021, to make your contributions to a traditional IRAs.

You can contribute to a Roth IRA at any age.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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IRA Contribution after 70 1/2